If your home or business has been Additional Facts About Applying

damaged or destroyed by a federally Loans may be used for insurance deductibles and required
building code upgrades not covered by insurance or for
declared disaster, you may be eligible for relocation. It is not necessary to submit the description of

Three Steps
upgrades and cost estimates with the application. We may refer
an SBA disaster assistance loan. These you to FEMA’s Other Needs Assistance program if you are denied
an SBA disaster assistance loan.
long-term, low-interest rate loans are
available to businesses of all sizes, private Rebuilding Stronger is Within Reach
Consider making mitigation building improvements to better
to SBA Disaster
Assistance
nonprofit organizations, homeowners, protect your home, business, or to save lives during future
disasters. You can increase disaster assistance loans up to
and renters to repair or replace uninsured/
20 percent of the verified physical damage amount to make
underinsured disaster damaged property. improvements. Generally, you have two years after loan
approval to request an increase for higher building costs,
code-related upgrades or other mitigation measures. The SBA
Loans
must approve the mitigation measures before loan increases.

For more information or to find a local disaster center,

contact our Customer Service Center at (800) 659-2955
or dial (TTY) 7-1-1.

O O
P P
All SBA programs and services are extended to the public on a nondiscriminatory
E
N
basis. E
N
(05/2022)
If your home or business has been Additional Facts About Applying
Loans may be used for insurance deductibles and required
damaged or destroyed by a federally building code upgrades not covered by insurance or for
declared disaster, you may be eligible for relocation. It is not necessary to submit the description of
upgrades and cost estimates with the application. We may refer
an SBA disaster assistance loan. These you to FEMA’s Other Needs Assistance program if you are denied

Three Steps
an SBA disaster assistance loan.
long-term, low-interest rate loans are
Rebuilding Stronger is Within Reach
available to businesses of all sizes, private
nonprofit organizations, homeowners,
Consider making mitigation building improvements to better
protect your home, business, or to save lives during future to SBA Disaster
Assistance
disasters. You can increase disaster assistance loans up to
and renters to repair or replace uninsured/ 20 percent of the verified physical damage amount to make
improvements. Generally, you have two years after loan
underinsured disaster damaged property.

Loans
approval to request an increase for higher building costs,
code-related upgrades or other mitigation measures. The SBA
must approve the mitigation measures before loan increases.

For more information or to find a local disaster center,

contact our Customer Service Center at (800) 659-2955
or dial (TTY) 7-1-1.

O O
P P
E
All SBA programs and services are extended to the public on a nondiscriminatory basis. E
N N

(05/2022)
1: Apply 2: Application Processed 3: Loan Closure & Disbursement
Begin by first registering with FEMA at Application packages and required documents Loan closing documents are prepared for your
disasterassistance.gov or by calling (including credit and income information) will be signature. After receipt of the signed documents,
(800) 621-FEMA (3362). reviewed for completeness. Eligible applications an initial disbursement, up to the following amounts,
Then apply at disasterloanassistance.sba.gov, are sent to SBA’s loss verification team and property will be made within 5 business days: up to $25,000
in person at any local disaster center, or by calling our Customer inspections may be necessary to decide the total for physical damage; up to $25,000 for economic
Service Center at (800) 659-2955 to request an application by mail. physical damage. injury (working capital), which can be in addition to the physical
If you are deaf, hard of hearing, or have a speech disability, please A loan officer takes over your case to work with you to receive any damage disbursement for eligible businesses.
dial 7-1-1 to access telecommunications relay services. additional information, review insurance or other recoveries, and A case manager will work with you to answer questions and help
There is no need to wait for insurance claims to settle or to receive recommend a loan amount. you meet all loan conditions. The case manager schedules the
FEMA grants or contractor estimates before applying. You are We strive to make loan determinations within 2–3 weeks after disbursement of any remaining loan amount.
under no obligation to accept the loan if approved. receiving complete application packages. Loan may be increased up to 20% after closing due to changing
circumstances, such as unexpected repair costs or if you receive
additional insurance proceeds for the same purposes.

Compare the various disaster assistance loans in the following chart to select the one that fits your situation.
BUSINESSES & NONPROFITS HOMEOWNERS & RENTERS

Physical Damage Repair or replace damaged or destroyed real estate, machinery and equipment, inventory, Homeowners may use loan proceeds to repair or replace a primary residence to its
Disaster Loans and other business assets. Loans up to $2 million. pre-disaster condition. Loans up to $200,000.

Damaged Personal Property N/A Homeowners or renters may use loan proceeds to repair or replace furniture, appliances, vehicles,
Loans and/or other personal property. Loans up to $40,000.

Maximum Loan Amount The maximum loan for any combination of property damage and/or economic injury is The maximum loan for any combination of real and personal property damage, voluntary mitigation
$2 million. measures, refinancing, and contractor malfeasance (wrongdoing or misconduct) is $840,000.

Can Loans Be Used to Miti- Yes; loans can be increased by up to 20 percent of verified physical damages to add Yes; loans can be increased by up to 20 percent of verified physical damages to add approved
gate Against Future Damage? approved mitigation measures. mitigation measures to a homeowner’s primary residence.

Interest Rates Low interest rates are fixed for the entire loan term and are set based on the date the disaster Low interest rates are fixed for the entire loan term and are set based on the date the disaster
occurred. Visit http://www.disasterloanassistance.sba.gov/ela for current interest rates occurred. Visit http://www.disasterloanassistance.sba.gov/ela for current interest rates.

Maximum Loan Term Up to 30 years based upon repayment ability and SBA policy. There are no prepayment Up to 30 years based upon repayment ability and SBA policy. There are no prepayment penalties.
penalties.

For required documents, go to https://disasterloanassistance.sba.gov/ela/s/article/Paper-Forms

If your home or business has been Additional Facts About Applying
Loans may be used for insurance deductibles and required
damaged or destroyed by a federally building code upgrades not covered by insurance or for
declared disaster, you may be eligible for relocation. It is not necessary to submit the description of
upgrades and cost estimates with the application. We may refer
an SBA disaster assistance loan. These you to FEMA’s Other Needs Assistance program if you are denied

Three Steps
an SBA disaster assistance loan.
long-term, low-interest rate loans are
Rebuilding Stronger is Within Reach
available to businesses of all sizes, private
nonprofit organizations, homeowners,
Consider making mitigation building improvements to better
protect your home, business, or to save lives during future to SBA Disaster
Assistance
disasters. You can increase disaster assistance loans up to
and renters to repair or replace uninsured/ 20 percent of the verified physical damage amount to make
improvements. Generally, you have two years after loan
underinsured disaster damaged property.

Loans
approval to request an increase for higher building costs,
code-related upgrades or other mitigation measures. The SBA
must approve the mitigation measures before loan increases.

For more information or to find a local disaster center,

contact our Customer Service Center at (800) 659-2955
or dial (TTY) 7-1-1.

O O
P P
E
All SBA programs and services are extended to the public on a nondiscriminatory basis. E
N N

(05/2022)